Why Fed Must Taper Treasuries & not MBS?
Everyone is discussing the tapering—whether it will be announced and implemented in September, or announced in September and implemented later in the year. But not much light has been shed over the composition of the tapering i.e. how much of the reduction will reduce the $45 bn in monthly purchases of long term treasuries and how much of it will trim the $40 bn in monthly purchases of agency mortgage-backed securities. More charts & analysis on why & how
Election Anxiety, Virus Reality
by Adam Button | Sep 25, 2020 19:15
USD Deleveraging & Tech Applications
by Adam Button | Sep 23, 2020 18:16
The Moment of Truth?
by Adam Button | Sep 21, 2020 23:15
FX Shrugs, Indices Shaken
by Adam Button | Sep 18, 2020 18:53
Fed's 2023 Special, BoE Thinks Negative
by Adam Button | Sep 17, 2020 14:04